Technically bankrupt integrated PV module manufacturer Yingli Green maybe finally undergoing some form of business and financial restructuring, according to some vague references made by management in its most recent earnings call that attracted only two financial analysts.
It was a long time coming but on Monday evening, Yingli released its annual report. Financials had been released separately at the tail end of last week offering some insight to the company’s fortunes as it looks to navigate an extremely tricky cashflow situation.
Struggling major solar PV manufacturer Yingli Green Energy, as expected, has officially delayed filing its fourth quarter and full-year 2015 results as it needs more time to gauge its overall liquidity issues.
Despite being technically bankrupt, Yingli Green as a NYSE listed company has been in stealth mode over its future viability since reporting third quarter 2015 results at the beginning of December last year.
China Cinda Asset Management, a Chinese state-owned asset-management company is reportedly interested in participating in the debt restructuring of struggling module manufacturer Yingli Green Energy Holding.